Shared by
nils
VIPS - Opendrive
Company Description
Name: Vipshop Holdings Limited
Sector: Services
Industry: Catalog & Mail Order Houses
Trade Scenario
Vipshop Holdings Earlier Reported Q4 EPS $0.41 Up From $0.19 YoY, Sales $4.211B Up From $3.794B YoY
Trade Variables
Gap: 13.19
ATR: 0.56
Vol: 1640769
AvgVol: 5237400
Technical Levels
Support:
S1 13.82
S2 12.63
Resistance:
R1 15.17
R2 15.62
Trade Plan
Big picture
Small picture
Set-up
It has a strong uptrend in the PM, which shows big strength. So the idea is that it goes long directly or it makes a small pullback (profit taking) and goes long then.
Trade Overview
Analysis
VIPS traded above the PM high and rushed through a largeorder. I scaled in and out quite a lot. After I was out of my position, I tried to get back in, because it still looked bullish.
What I did not like about the trade
There could be more momentum, when it broke through the largeorder.
What I have liked
I think I did a good job with the screening. Took today more time to search for stocks and analyze them.
Additional Comments if any
Today I used a small position size, to get the feeling for trading.
I went short after the second long trade, when I realized that the direction of the trend changes.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2020-03-05 09:31:17 | VIPS | buy | $14.950 | long |
| 2020-03-05 09:33:20 | VIPS | buy | $15.180 | long |
| 2020-03-05 09:33:59 | VIPS | sell | $15.030 | long |
| 2020-03-05 09:37:04 | VIPS | sell | $15.320 | long |
| 2020-03-05 09:38:20 | VIPS | buy | $15.530 | long |
| 2020-03-05 09:39:12 | VIPS | sell | $15.490 | long |
| 2020-03-05 09:40:57 | VIPS | sell | $15.610 | 0 |
| 2020-03-05 09:41:23 | VIPS | buy | $15.530 | long |
| 2020-03-05 09:42:11 | VIPS | sell | $15.540 | 0 |
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